Economy

Upgrades Retail Properties of America (RPAI) to "Overweight"

Upgrades Retail Properties of America (RPAI) to

Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action. Deutsche Bank AG downgraded shares of Retail Properties of America from a "buy" rating to a "hold" rating and cut their target price for the company from $18.00 to $16.00 in a research note on Monday, January 9th. (NYSE:RPAI) rating on Thursday, September 21. Robert W. Baird reiterated a buy rating and set a $18.00 target price on shares of Retail Properties of America in a research report on Wednesday, November 1st. KeyCorp raised Retail Properties of America from a "sector weight" rating to an "overweight" rating and set a $16.00 target price for the company in a report on Monday, November 20th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company.

Analysts await National Retail Properties, Inc.

Among 9 analysts covering Retail Properties of America (NYSE:RPAI), 8 have Buy rating, 0 Sell and 1 Hold. 2,053,100 shares of the stock traded hands, compared to its average volume of 1,780,625.

Total debt to equity ratio of the company for most recent quarter is 0.84 while Long term debt to equity ratio for same time period is 0.84. After having $0.26 EPS previously, Retail Properties of America, Inc.'s analysts see -11.54% EPS growth. The company has a market cap of $3.53 billion, a PE ratio of 24.92 and a beta of 0.42. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.64 by $0.01. The company has market cap of $90.61 million. The company's revenue was down 9.7% compared to the same quarter past year. (NYSE:RPAI) to report $0.23 EPS on February, 13 after the close.They anticipate $0.02 EPS change or 8.00% from last quarter's $0.25 EPS. The stock of Retail Properties of America, Inc. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The Company dividend yield observed at 1.84%. Investors of record on Wednesday, December 27th will be paid a $0.1656 dividend. The ex-dividend date was Friday, December 22nd.

Since August 4, 2017, it had 0 insider purchases, and 5 selling transactions for $2.13 million activity. Retail Properties of America's dividend payout ratio is now 101.54%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LSV Asset Management lifted its holdings in shares of Retail Properties of America by 81.8% in the second quarter. In general, if the reading goes above -20, the stock may be considered to be overbought.

More news: Angelique Kerber reaches Sydney semis, Camila Giorgi ousts Agnieszka Radwanska

Retail Properties of America announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 14th that allows the company to repurchase $250.00 million in shares. Schwab Charles Investment Management Inc. boosted its position in shares of Retail Properties of America by 2.7% during the second quarter.

Shares of Retail Properties of America Inc (RPAI) opened at $13.02 on Tuesday. (NYSE:NNN). First Trust Advisors Limited Partnership accumulated 0.02% or 199,571 shares. The stock moved -1.88% in recent quarter.

National Retail Properties (NNN)'s Williams Percent Range or 14 day Williams %R is now sitting at -97.42. Johnson Counsel Incorporated invested in 24,151 shares or 0.03% of the stock.

TRADEMARK VIOLATION WARNING: "JPMorgan Chase & Co". Retail Properties of America had 21 analyst reports since January 15, 2016 according to SRatingsIntel. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2018/01/12/retail-properties-of-america-rpai-earning-somewhat-positive-press-coverage-study-shows.html.

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States.


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